Temporary Car Insurance in Vermont

If you own a car, one way to create temporary car insurance is to buy a regular policy and cancel it before it expires. You’ll typically get a full refund for the unused premiums. The cost of a three-month policy in Vermont is $203 on average.

Rental car insurance is the best option in Vermont if you’re only visiting or if you need to drive but don’t own a car.

MoneyGeek also analyzed other scenarios when you might need temporary car insurance. These include buying non-owner insurance to help get your license reinstated or working as a rideshare driver.

In Vermont and other states, temporary car insurance can have different meanings. If you’re a car owner, you can purchase a regular car insurance policy and cancel it early. On the other hand, if you don’t own a car, you can get rental or non-owner car insurance.

In Vermont and other states, reputable insurance companies only offer car insurance policies with a minimum of six months of coverage. The average cost of a six-month car insurance policy in Vermont is $406.

You can shorten a six-month policy by canceling it before it expires. Most reputable insurance providers will provide a full refund for the unused premiums.

For example, you can buy a six-month car insurance policy in Vermont and have it canceled after 90 days. On average, you’ll only pay $203 for a 90-day policy, which is half the price of a six-month policy.

When using this strategy, MoneyGeek cautions against a lapse in insurance coverage since this can cause a significant increase in your rates later on.

MoneyGeek calculated potential car insurance rates in Vermont for a regular six-month policy as well as a three-month and a one-month temporary car insurance policy.

On average, these insurance providers offer the cheapest car insurance policies in Vermont for a 90-day period:

• Vermont Mutual: $120 per 90 days
• Allstate: $163 per 90 days

The figures quoted above exclude cancellation fees. However, most major insurers do not charge cancellation fees and give full refunds for unused premiums.

In Vermont, altering your existing car insurance policy may be your best solution if you need to temporarily add or remove coverage. Certain situations may require you to get short-term car insurance, such as when you need to store your vehicle, someone borrows your car or your teenage child goes to college.

In Vermont, you need to add your child to your car insurance policy if you are living with them. This can be costly. MoneyGeek found that in Vermont, the cost of adding an 18-year old to an existing car insurance policy is $1,900 per year on average.

To temporarily adjust the cost of your car insurance, you can either take your young student off your policy for part of the year if they live more than 100 miles away, request for a distant student discount or keep them on your policy.

On average, it costs $317 to add a student for two months of the year during the summer in Vermont, compared to approximately $1,900 if they’re added for a full year.

In Vermont, Nationwide offers the biggest potential savings for temporarily taking a student off their parent’s policy.

If you’re temporarily storing your car in Vermont, you can save money by switching to a comprehensive-only policy or seeking a vehicle storage discount.

If your vehicle is in storage, removing liability insurance coverage and switching to a comprehensive-only policy is a great way to save money. The average cost of comprehensive and collision insurance in Vermont with a $1,000 deductible is $310 per year. On the other hand, the average cost of a policy that includes liability insurance is $697 per year.

USAA is a good option if you’re an active-duty military member. This insurance provider has a car storage discount and also offers one the most affordable rates in Vermont before that discount at $389 per year on average.

If someone else in your household drives your car, they need to be insured on the same policy as you. Meanwhile, if you allow someone from outside your home to drive your car, they will be covered by your policy and you won’t need to make any adjustments.

If you’re temporarily renting a car in Vermont, buying car insurance from the rental company is sufficient. Almost all rental companies offer basic liability insurance as well as the option to add collision damage waivers, supplemental liability insurance and personal accident insurance. Depending on the company, the average cost of adding all these coverages ranges from $48 to $58 per day. Based on your needs, you can mix and match options for cheaper coverage.

MoneyGeek gathered data in Burlington, Vermont and found that the average cost of rental car insurance ranges from $48 to $58 per day depending on the company.

The average daily cost of rental car insurance is $48 from Enterprise, $57 from Avis and $58 from Hertz. These policies include supplemental liability, collision damage waiver and personal accident insurance.

If you already have a car insurance policy, you may already be covered by your liability, collision and medical payments coverage, which means you don’t need to include them in your rental car insurance. Additionally, if your credit card provider offers collision damage waiver coverage for rental cars, you can decline this coverage from the rental company to save money.

If you don’t own a car but need proof of insurance when filing an SR-22 to have your license reinstated, non-owner car insurance is a good option. In Vermont, the cost of non-owner insurance is $454 per year on average.

The cheapest way to get temporary car insurance in Vermont for non-car owners who need to file an SR-22 is non-owner car insurance.

In Vermont, rideshare drivers are covered by insurance once they accept a fare or transport a passenger. However, if they haven’t yet accepted a fare or aren’t transporting a passenger, they temporarily have a gap in coverage.

Rideshare insurance policies can be a solution to this, but they have limited availability across states. If you’re looking for the best rideshare insurance in Vermont, MoneyGeek compared companies that offer this type of policy to help you find the best option.

MoneyGeek answered some of the most frequently asked questions about temporary car insurance in Vermont to help you determine if it fits your needs.

MoneyGeek, in collaboration with Quadrant Information Services, collected car insurance and non-owner car insurance quotes across Vermont. The policies mentioned in this guide are for a 40-year-old driver with full coverage as described on our methodology page. Quotes for student drivers represent the average cost of adding an 18-year-old driver to an existing policy.

Figures for one-month and three-month policies were calculated by MoneyGeek on a prorated basis, assuming a full refund from the insurance company. MoneyGeek manually collected rental car insurance quotes using the online tools of Avis, Enterprise and Hertz.